California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$473M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$433M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$371M |
| 4 |
Adobe
ADBE
|
+$284M |
| 5 |
RTX Corp
RTX
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$316M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$139M |
| 3 |
Sysco
SYY
|
+$139M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$117M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.95% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 12.82% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Consumer Staples | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2451
Prothena Corp
PRTA
$466M
| $713K | ﹤0.01% |
68,184
-21,156
| -24% | -$235K |
|
|
ALBO
2452
DELISTED
Albireo Pharma Inc
ALBO
| $713K | ﹤0.01% |
26,900
+9,345
| +53% | +$220K |
|
2453
AdvanSix
ASIX
$446M
| $712K | ﹤0.01% |
60,674
-1,500
| -2% | -$17.5K |
|
2454
Teekay Tankers
TNK
$2.9B
| $712K | ﹤0.01% |
55,551
+1,311
| +2% | +$23.2K |
|
|
QEP
2455
DELISTED
QEP RESOURCES, INC.
QEP
| $712K | ﹤0.01% |
551,848
+10,277
| +2% | +$9.59K |
|
|
THBR
2456
DELISTED
Thunder Bridge Acquisition II, Ltd. Class A Ordinary Shares
THBR
| $710K | ﹤0.01% |
+70,300
| New | +$700K |
|
2457
Green Plains
GPRE
$1.09B
| $707K | ﹤0.01% |
69,200
-800
| -1% | -$5.89K |
|
|
RC
2458
Ready Capital
RC
$294M
| $707K | ﹤0.01% |
81,339
+9,481
| +13% | +$64.4K |
|
|
RAPT
2459
DELISTED
RAPT Therapeutics
RAPT
| $705K | ﹤0.01% |
+3,035
| New | +$469K |
|
2460
Caleres
CAL
$461M
| $703K | ﹤0.01% |
84,264
-3,994
| -5% | -$27.9K |
|
2461
Republic Bancorp
RBCAA
$1.92B
| $703K | ﹤0.01% |
21,492
-100
| -0.5% | -$3.16K |
|
2462
Future Fuel
FF
$249M
| $702K | ﹤0.01% |
58,765
+30,531
| +108% | +$360K |
|
|
TIGR
2463
UP Fintech Holding
TIGR
$833M
| $702K | ﹤0.01% |
+168,774
| New | +$553K |
|
2464
Genesco
GCO
$394M
| $701K | ﹤0.01% |
32,355
+275
| +0.9% | +$5.07K |
|
2465
Puma Biotechnology
PBYI
$450M
| $701K | ﹤0.01% |
67,186
-1,856
| -3% | -$19.2K |
|
|
HTT
2466
High Templar Tech Ltd
HTT
$391M
| $700K | ﹤0.01% |
411,724
+275,204
| +202% | +$455K |
|
2467
Ovid Therapeutics
OVID
$523M
| $699K | ﹤0.01% |
+94,824
| New | +$444K |
|
|
DX
2468
Dynex Capital
DX
$3.23B
| $698K | ﹤0.01% |
48,827
+7,500
| +18% | +$100K |
|
2469
TriplePoint Venture Growth BDC
TPVG
$221M
| $698K | ﹤0.01% |
67,933
+12,491
| +23% | +$108K |
|
2470
Independent Bank Corp
IBCP
$854M
| $696K | ﹤0.01% |
46,881
-1,400
| -3% | -$19.3K |
|
2471
Travelzoo
TZOO
$74.4M
| $696K | ﹤0.01% |
123,409
| – | – |
|
|
HAPN
2472
Happen Inc
HAPN
$2.27B
| $694K | ﹤0.01% |
152,419
+2,700
| +2% | +$16.8K |
|
|
PBFX
2473
DELISTED
PBF LOGISTICS LP
PBFX
| $694K | ﹤0.01% |
71,200
+10,400
| +17% | +$95.5K |
|
2474
Ituran Location and Control
ITRN
$1.06B
| $692K | ﹤0.01% |
43,223
+22,170
| +105% | +$365K |
|
2475
Veritone
VERI
$139M
| $691K | ﹤0.01% |
+46,500
| New | +$391K |
|
Similar funds
California Public Employees Retirement System's Q2 2020 Portfolio in Review
As of Q2 2020, California Public Employees Retirement System held 3,550 positions worth $101B, up 23% from $82.6B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System deployed $3.3B of net new capital in Q2 2020, opening 169 new positions and adding to 1,761 existing holdings. Its largest new stake was RTX Corp: 3,200,810 shares worth $197M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Apple, an estimated $316M trimmed.
- California Public Employees Retirement System's largest Q2 2020 buy was RTX Corp: 3,200,810 shares worth $197M.
- California Public Employees Retirement System added most to Gilead Sciences in Q2 2020, an estimated $473M increase.
- California Public Employees Retirement System's biggest Q2 2020 reduction was Apple, cutting an estimated $316M.
- California Public Employees Retirement System fully exited Allergan plc in Q2 2020, selling an estimated $134M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $101B portfolio in Q2 2020.
- California Public Employees Retirement System opened 169 new positions and closed 43 in Q2 2020.
- California Public Employees Retirement System's portfolio value rose 23% quarter-over-quarter to $101B.
Based on California Public Employees Retirement System's 13F filing for Q2 2020, filed 12 Aug 2020.